Enlarge / The Leaf was given a midlife facelift last year. reader comments 93 with While it is true that the recent wave of new electric vehicles has been anything but cheap, there are still a few relatively affordable EVs out there for people who don’t mind smaller cars—including the Nissan Leaf. An early pioneer ..
Tag : EV tax credit
Enlarge / Ted Miller, manager of Ford Battery Cell Research and Advanced Engineering, holds a lithium iron phosphate (LFP) battery during a presentation on Monday, February 13, 2023, at Ford Ion Park in Romulus, Michigan. reader comments 106 with The past couple of years have seen a flurry of newly announced battery factories in North ..
Getty Images reader comments 81 with Share this story By now, regular readers probably know that this year saw a major change to the Internal Revenue Service’s Clean Vehicle Tax Credit, the consumer-facing incentive that aims to drive electric vehicle adoption here in the US. The tax credit was reformed by last year’s Inflation Reduction ..
Enlarge / Until the beginning of this year, an EV’s tax credit was determined by the storage capacity of its battery pack. Now, the tax credit is linked to local manufacturing of components and locally sourced critical minerals. Julian Stratenschulte/picture alliance via Getty Images reader comments 77 with Share this story It has been a ..
Getty Images reader comments 82 with 0 posters participating Share this story On Friday the US Treasury Department published an update to the way it implements the new clean vehicle tax credit. Introduced in the Inflation Reduction Act of 2022, the new rules restrict the number of EVs that qualify for a federal tax credit ..
Enlarge / Can big price cuts stop Tesla’s share price slide? More of its cars now qualify for US tax credits, at least. Ethan Miller/Getty Image reader comments 492 with 0 posters participating Share this story At a time when every other automaker is having trouble building enough electric vehicles to satisfy demand, Tesla is ..
Aurich Lawson | Getty Images reader comments 165 with 0 posters participating Share this story The beginning of the new year means the start of a new electric vehicle tax incentive in the US. Until now, the IRS allowed taxpayers to claim a tax credit of up to $7,500 on a new plug-in vehicle, with ..
Enlarge / Volkswagen is one of several automakers that are already assembling their EV battery packs locally. But the value of the materials that go into the pack will determine whether it qualifies for the revised clean vehicle tax credit. Volkswagen reader comments 179 with 98 posters participating Share this story The Inflation Reduction Act ..